New York Masterclass and Reception

Monday 5th May 2014, 18:30 - 21:00
New York Hilton Midtown, 1335 Avenue of the Americas, New York 10019, USA

Advance registration for this event is now closed

Description

The Sir John Cass Business School MSc programmes are visiting New York to host this masterclass delivered by Professor Richard Payne from the faculty of Finance. The evening is catered for prospective students and also Alumni from both City University London and Cass Business School.

The masterclass is upon the subject; Currency movements and international equity returns.

Agenda

Synopsis of the Masterclass

We investigate the relationship between stock market returns and exchange rate returns using a set of more than 40 countries observed over more than 25 years. We show that currency movements are essentially unrelated to expected and actual stock market movements. The upshot of this is that there are substantial returns available from applying simple investment strategies to international equity markets. Moreover, it is hard to justify those substantial returns using commonly accepted measures of risk.

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City, University of London is an independent member institution of the University of London. Established by
Royal Charter in 1836, the University of London consists of 18 independent member institutions with outstanding
global reputations and several prestigious central academic bodies and activities.

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